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Weekly Pivot trading with TDI

  • #5,021
  • Oct 19, 2018 9:08am Oct 19, 2018 9:08am
Want to share this.

Trading is psychological game and one thing you must ingrain in yourself that everything is probability and you don't know the future.
Why is this important.Makes taking losses impersonal unemotional which is critical.Taking profit then next day price goes another 50pips in your direction without you then you beat yourself why you got out early. Don't price easily could of gone against you taking all your profits.Taking profit 50pips+is solid and that's that.Don't ever think you could of, you should of, NO its a probability game.You must really think about this and why I love Mark Douglas so much.He covers this more eloquently.
Saying I could of waited and collected 50pips more after the fact is mind trick you are looking at the chart having hindsight advantage.Reality is different.
To me 50+pips in multiple positions gain is solid gains and I am happy even if price goes another 50pips without me.There is another day another trade.Everyday there are opportunities.Humility is important you can't allow greed to dominate your thinking because that's when you commit most errors. Over trading is basically result of greed and overconfidence.No matter how good you are market is still the king and you must show respect and humility towards it.
In trading, you have to be defensive and aggressive at the same time
  • #5,022
  • Oct 19, 2018 9:16am Oct 19, 2018 9:16am
Quoting General Lee
{quote} i'm start build long on AN
Hi General Lee, this is the right time.
I often suffer of a disease called "FOMO" that causes me early entries- in this case I began to build positions around WS61.
Porta itineris dicitur longissima esse
  • #5,023
  • Oct 19, 2018 9:25am Oct 19, 2018 9:25am
Quoting Davit
Want to share this. Trading is psychological game and one thing you must ingrain in yourself that everything is probability and you don't know the future. Why is this important.Makes taking losses impersonal unemotional which is critical.Taking profit then next day price goes another 50pips in your direction without you then you beat yourself why you got out early. Don't price easily could of gone against you taking all your profits.Taking profit 50pips+is solid and that's that.Don't ever think you could of, you should of, NO its a probability game.You...
This couldn't be overstated enough. My equity curve started its upward trend once I started closing at minimum 50pip targets. It also took a lot of stress off as well. If one can identify a setup that achieves a consistent 50pips per week, then you'll be doing better then most. As your equity grows you can scale in larger positions.
Trade with confidence, trade without fear.
  • #5,024
  • Oct 19, 2018 9:25am Oct 19, 2018 9:25am
Quoting Davit
Want to share this. Trading is psychological game and one thing you must ingrain in yourself that everything is probability and you don't know the future. Why is this important.Makes taking losses impersonal unemotional which is critical.Taking profit then next day price goes another 50pips in your direction without you then you beat yourself why you got out early. Don't price easily could of gone against you taking all your profits.Taking profit 50pips+is solid and that's that.Don't ever think you could of, you should of, NO its a probability game.You...
Hi Davit.

I'm glad to see you are as strong as always.

On your thread, I had a question relating to this exactly, about probabilities and the future... and unfortunately got removed.

While I thought that was a little over the top, but I wanted to PM you to apologise, but couldn't (ignore).

I do hope you would reconsider.

Wish you hit that 100k mark soon.
Cheers.
  • #5,025
  • Oct 19, 2018 9:26am Oct 19, 2018 9:26am
Quoting ToddyS2K
{quote} Every day your trading amazes me ... when you went heavy with the positions? After Pivot breakout?
Thank you for the compliment but its just work for me.I no longer get emotional about it.
I added more above the pivot.Needed to know if PA was going my way.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #5,026
  • Oct 19, 2018 9:31am Oct 19, 2018 9:31am
Quoting Cryptosurf
{quote} This couldn't be overstated enough. My equity curve started its upward trend once I started closing at minimum 50pip targets. It also took a lot of stress off as well. If one can identify a setup that achieves a consistent 50pips per week, then you'll be doing better then most. As your equity grows you can scale in larger positions.
agree it also makes you approach trading like a job.You hit certain number then its fine time to let go.Another trade another day.
About 70-80% of forex is not trending which means holding a position hoping for home run is against you statistically why trend traders are often in DD and this DD can get very large.Not ideal approach. We focus on swings!! Can't state this enough Swings!
In trading, you have to be defensive and aggressive at the same time
  • #5,027
  • Oct 19, 2018 9:33am Oct 19, 2018 9:33am
Quoting Davit
Want to share this. Trading is psychological game and one thing you must ingrain in yourself that everything is probability and you don't know the future. Why is this important.Makes taking losses impersonal unemotional which is critical.Taking profit then next day price goes another 50pips in your direction without you then you beat yourself why you got out early. Don't price easily could of gone against you taking all your profits.Taking profit 50pips+is solid and that's that.Don't ever think you could of, you should of, NO its a probability game.You...
Great words of advice...Never, Never, Never beat yourself up for taking a profit or a loss as far as that goes...Love MD's wisdom and yours as well Davit, Cheers!
  • #5,028
  • Oct 19, 2018 9:33am Oct 19, 2018 9:33am
Quoting kenlionheart
{quote} Hi Davit. I'm glad to see you are as strong as always. On your thread, I had a question relating to this exactly, about probabilities and the future... and unfortunately got removed. While I thought that was a little over the top, but I wanted to PM you to apologise, but couldn't (ignore). I do hope you would reconsider. Wish you hit that 100k mark soon. Cheers.
you are removed from the list
In trading, you have to be defensive and aggressive at the same time
  • #5,029
  • Oct 19, 2018 9:38am Oct 19, 2018 9:38am
UJ may provide quick gains now
1210-1220 by end of the day possible
In trading, you have to be defensive and aggressive at the same time
  • #5,030
  • Edited 10:06am Oct 19, 2018 9:56am | Edited 10:06am
Just to inspire you guys.
This week alone

Comes to $957 a day gain and my day is not over yet EU still running in +
178-1 this week alone.Not going to post my monthly....attracting idiots
Only posting my results to prove its possible to win in forex
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Capture2.PNG Size: 18 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,031
  • Oct 19, 2018 10:07am Oct 19, 2018 10:07am
Quoting Davit
Just to inspire you guys. This week alone Comes to $957 a day gain and my day is not over yet 178-1 this week alone.Not going to post my monthly....attracting idiots Only posting my results to prove its possible to win in forex {image} {image}
hI Davit, nice one. congrats.

I follow your pivots.

Have a question. Having trouble to analyse MTF TDI.

At important levels, do you look at 1 hr TDI to reverse ?
Intraday only.
  • #5,032
  • Oct 19, 2018 10:08am Oct 19, 2018 10:08am
Quoting Davit
Just to inspire you guys. This week alone Comes to $957 a day gain 178-1 this week alone.Not going to post my monthly....attracting idiots Only posting my results to prove its possible to win in forex {image} {image}
I would be happy with a quarter of your success, I hope your internally happy and content with your life. I am eternally greatful for the content you regular post of this and your forum. The details you have gone into your style of trading has been second to none and one I wish I have understanding of the markets like you.

I had a good month but I suffer with FOMO and made shorts on A/C and U/C just before weak fundamentals and no I’m in DD, just going to ride the wave, hopefully I can turn into a positive trade
  • #5,033
  • Oct 19, 2018 10:12am Oct 19, 2018 10:12am
Quoting Davit
Want to share this. Trading is psychological game and one thing you must ingrain in yourself that everything is probability and you don't know the future. Why is this important.Makes taking losses impersonal unemotional which is critical.Taking profit then next day price goes another 50pips in your direction without you then you beat yourself why you got out early. Don't price easily could of gone against you taking all your profits.Taking profit 50pips+is solid and that's that.Don't ever think you could of, you should of, NO its a probability game.You...
This is exactly how I trade. I have been working on mastering getting 25-50 pips that is all. If I can get more great if not...then it was never mine then. I take profit once it hits that range of pips regardless of what the pair does. Example AC closed gap I have been waiting for it...so what I took my profit and am satisfied with the results. But there are times when I end up on the better side like yesterday I hit UJ south and as soon as it closed took it north...just took profit on that.

I ask the question...if I saw $5 on the ground would I take it...or would I wait for another $5?
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report 201801019.png Size: 14 KB
Invest in Life
  • #5,034
  • Oct 19, 2018 10:17am Oct 19, 2018 10:17am
Quoting navk
{quote} hI Davit, nice one. congrats. I follow your pivots. Have a question. Having trouble to analyse MTF TDI. At important levels, do you look at 1 hr TDI to reverse ?
Hi Navk
Thank you.My trading has gone on level that I don't look at TDI for signals.Its there because anglator is attached to it and I like the anglator giving quick overview what price is doing.
I don't analyze anything monthly.Swings don't lasts that long.My primary focus is weekly pivots
In trading, you have to be defensive and aggressive at the same time
  • #5,035
  • Oct 19, 2018 10:21am Oct 19, 2018 10:21am
Closed EU+850
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,036
  • Oct 19, 2018 10:21am Oct 19, 2018 10:21am
Thank you Davit.

Quoting Davit
Just to inspire you guys. This week alone Comes to $957 a day gain and my day is not over yet EU still running in + 178-1 this week alone.Not going to post my monthly....attracting idiots Only posting my results to prove its possible to win in forex {image} {image}
Very impressive indeed.
I remember my first day making £1000 in one day a few years ago, that was a nice day.

But what's up with the $3.95 deposit and $90.19 withdrawal!?

Cheers.
  • #5,037
  • Oct 19, 2018 10:23am Oct 19, 2018 10:23am
Quoting kenlionheart
Thank you Davit. {quote} Very impressive indeed. I remember my first day making £1000 in one day a few years ago, that was a nice day. But what's up with the $3.95 deposit and $90.19 withdrawal!? Cheers.
Oanda fees basically swap +/- depending on pair
In trading, you have to be defensive and aggressive at the same time
  • #5,038
  • Oct 19, 2018 10:24am Oct 19, 2018 10:24am
Quoting Mundo
{quote} This is exactly how I trade. I have been working on mastering getting 25-50 pips that is all. If I can get more great if not...then it was never mine then. I take profit once it hits that range of pips regardless of what the pair does. Example AC closed gap I have been waiting for it...so what I took my profit and am satisfied with the results. But there are times when I end up on the better side like yesterday I hit UJ south and as soon as it closed took it north...just took profit on that. I ask the question...if I saw $5 on the ground...
nice gains Mundo
In trading, you have to be defensive and aggressive at the same time
  • #5,039
  • Oct 19, 2018 10:35am Oct 19, 2018 10:35am
Quoting Davit
{quote} nice gains Mundo
Thank you Davit
You already know I have learned much from you.
Invest in Life
  • #5,040
  • Oct 19, 2018 10:37am Oct 19, 2018 10:37am
Quoting Davit
{quote} Hi Navk Thank you.My trading has gone on level that I don't look at TDI for signals.Its there because anglator is attached to it and I like the anglator giving quick overview what price is doing. I don't analyze anything monthly.Swings don't lasts that long.My primary focus is weekly pivots
ok. The anglator angle is for a particular candle ?

I mean, the green and red angle can be different for 4hr , 1 hr, 15 min candle. right?

If so, seeing 1 hr angle for turn at important levels , correct practice?
Intraday only.
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